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Head of Credit Risk

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Oodle Car Finance

2mo ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance
  • London

AI generated summary

  • You should have 8+ years in Credit Risk, strong SQL/Python skills, advanced strategy knowledge, leadership experience, problem-solving ability, excellent communication, and understanding of financial platforms.
  • You will guide credit risk strategies, chair committees, collaborate across teams, ensure regulatory compliance, support junior staff, and enhance risk assessments for optimal customer outcomes.

Requirements

  • At least 8 years Credit Risk experience in a challenging, fast-paced environment (e.g. FinTech, banking), preferably in financial services
  • Ability to understand the technical side of the team (SQL and Python).
  • Advanced knowledge of Credit Risk strategies and assessment.
  • Problem-solving and analytical skills: you can quickly understand a new problem, identify key drivers behind specific outcomes, and develop a data driven approach to impact outcomes.
  • Product sense: you understand trade-offs between competing priorities and constraints and tend to make correct decisions despite uncertainty.
  • Proven leader: you have led multiple teams and have coached junior colleagues.
  • Excellent written and verbal communication: you can explain complex concepts to a non-specialist audience, presenting a clear, fact-based narrative, securing ExCo/Board buy-in
  • Interpersonal skills: you quickly build trust and personal relationships within and outside your team, know when to seek consensus or escalate a conflict depending on the situation.
  • Understanding of areas such as technical platform and data interactions, Provisioning, Open Banking, and Underwriting would be advantageous.

Responsibilities

  • Leverage credit risk expertise to support the business in making informed decisions and take responsibility for sharing credit risk knowledge across the organisation.
  • Chair Credit Risk related committees presenting to the Executive Committee and Board members.
  • Use loss forecasting and stress testing to guide strategic direction.
  • Create and continuously evolve the governance and monitoring framework and develop long-term strategies for the team.
  • Work closely with product, operations, commercials, and data teams to align on common goals and priorities that deliver the best outcomes for both the business and customers.
  • Support product teams to deliver great outcomes, including guiding the team on execution or helping resolve stakeholder challenges.
  • Understand the regulatory landscape to achieve balanced outcomes that align commercial goals, customer needs, and regulatory requirements.
  • Provide day-to-day support and development to junior team members while effectively managing relationships with senior stakeholders.
  • Work with the Data Science to evolve bespoke risk assessments.
  • Work with Operations to execute good customer outcomes.

FAQs

Do we support remote work?

Yes, we do remote work but in a hybrid format.

Do we provide a company bonus?

Yes, we offer a discretionary company bonus scheme.

What is the working schedule for this position?

The working hours are Monday to Friday, 9 am to 5:30 pm, totaling 37.5 hours per week.

How many days of holiday do employees receive?

Employees receive 25 days of holiday, which increases to 28 days after 3 years of service, plus bank holidays.

Is private medical insurance provided?

Yes, private medical insurance is provided through Vitality, including reward schemes for you and your family.

Are dental and optical expenses covered?

Yes, we offer a health cash plan via Health Shield, which allows employees and their children to claim money back for dental, optical, and other expenses.

What is the pension contribution from the company?

Oodle contributes 5% of your salary into your pension pot.

Are there any employee discounts available?

Yes, we provide access to employee discounts for all major shops.

Is there an opportunity for volunteer work?

Yes, we offer one volunteer day per year for employees to give back to the community.

How does the company support mental health?

We provide 6 free counselling sessions through our Employee Assistance Programme (EAP).

What sick leave policy does the company have?

We offer enhanced company sick pay as part of our paid sick leave policy.

Is enhanced family leave available?

Yes, we provide enhanced family leave for primary and secondary caregivers.

What qualifications are required for the Head of Credit Risk position?

Candidates should have at least 8 years of credit risk experience, preferably in financial services, and an understanding of SQL and Python.

What type of team will I be leading?

You will be leading a cross-functional team of Data Analysts and will work closely with Data Scientists, Product leads, Engineers, and Operations.

How will success be measured in this role?

Success will be measured by your ability to optimize credit risk strategies, develop governance frameworks, and deliver valuable insights to the organization through data-driven approaches.

What is the hiring process like?

The hiring process includes a preliminary interview (30 minutes), a video interview focusing on competencies and technical skills (1 hour 30 minutes), and a final interview with the Head of Product (30 minutes).

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Oodle Car Finance

Get car buying confidence - buy a used car at any trusted dealer with pre-approved and portable finance.

Finance
Industry
501-1000
Employees
2016
Founded Year

Mission & Purpose

We’re the fastest growing motor finance company in the UK, and we're on a mission to inspire car buying confidence at every step. We believe that sorting the finance first is the best way to buy a used car. That's why we've flipped car buying on its head to give customers the confidence and control of a pre-approved budget; car finance which can be used to buy a car online or in-person from any trusted dealer. We've already helped over 150,000 customers get the best used car for their budget, and we're delighted that our customer-centric approach has gained us the coveted five star rating on Trustpilot. We bring new partners into our Oodle Approved dealer network every day. So if you’re a dealership and you'd like to work with us, please get in touch. Our success comes from our partners and our people. We're committed to nurturing a strong shared-values team and creating a brilliant place to work. 🏆 7th best financial services company to work for in the UK 🏆 9th best large company to work for in London 🏆 42nd best large company to work for in the UK